Research Analysts’ Weekly Ratings Changes for Shopify (SHOP)

A number of firms have modified their ratings and price targets on shares of Shopify (NYSE: SHOP) recently:

  • 2/11/2019 – Shopify had its price target raised by analysts at Royal Bank of Canada from $159.00 to $180.00. They now have a “sector perform” rating on the stock.
  • 2/11/2019 – Shopify had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $200.00 price target on the stock, up previously from $177.00.
  • 1/28/2019 – Shopify had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $177.00 price target on the stock.
  • 1/26/2019 – Shopify was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shopify provides a multi-tenant, cloud-based, multi-channel commerce platform for SMBs. The company is benefiting from a diversified expanding merchant base. It continues to launch a number of merchant-friendly applications to meet the requirements of a dynamic retail environment, consequently bolstering its merchant base. Moreover, the company is benefiting from retail’s rapid transition to mobile and social sales channels. Shares of Shopify have outperformed the industry in the past year. Nonetheless, increasing investments on product development, infrastructure and platform are likely to limit margin expansion in the near-term. Further, lack of significant presence in the Asia-Pacific market, which is the fastest growing retail eCommerce market, is a headwind for Shopify.”
  • 1/3/2019 – Shopify was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shopify provides a multi-tenant, cloud-based, multi-channel commerce platform for SMBs . Increasing investments on product development, infrastructure and platform are likely to limit margin expansion in the near-term. Further, lack of significant presence in the Asia-Pacific market, which is the fastest growing retail eCommerce market, is a headwind for Shopify. Nonetheless, the company is benefiting from a diversified expanding merchant base. It continues to launch a number of merchant-friendly applications to meet the requirements of a dynamic retail environment, consequently bolstering its merchant base. Moreover, the company is benefiting from retail’s rapid transition to mobile and social sales channels. Shares of Shopify have outperformed the industry on a year-to-date basis. “
  • 12/21/2018 – Shopify was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $150.00 price target on the stock.
  • 12/18/2018 – Shopify is now covered by analysts at Wells Fargo & Co. They set an “outperform” rating and a $175.00 price target on the stock.

Shares of SHOP stock opened at $173.17 on Tuesday. The company has a quick ratio of 11.82, a current ratio of 11.82 and a debt-to-equity ratio of 0.01. Shopify Inc has a 12-month low of $112.50 and a 12-month high of $180.00. The company has a market cap of $19.21 billion, a PE ratio of -412.31 and a beta of 1.51.

Hedge funds have recently modified their holdings of the company. We Are One Seven LLC bought a new position in Shopify in the 4th quarter worth approximately $27,000. Mackey Komara & Dankovich LLC bought a new position in Shopify in the 4th quarter worth approximately $28,000. Optimum Investment Advisors bought a new position in Shopify in the 4th quarter worth approximately $28,000. Quad Cities Investment Group LLC bought a new position in Shopify in the 4th quarter worth approximately $28,000. Finally, North Star Investment Management Corp. boosted its holdings in Shopify by 90.9% in the 4th quarter. North Star Investment Management Corp. now owns 210 shares of the software maker’s stock worth $29,000 after buying an additional 100 shares during the period. Institutional investors own 62.28% of the company’s stock.



Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

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